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Why Ideanomics Stock Is Trading Higher Today

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Ideanomics Inc (NASDAQ: IDEX) shares are trading higher on Monday after the company increased its stake in e-tractor company Solectrac through a $1.3 million follow-on investment.

Ideanomics is a global company focused on facilitating the adoption of commercial electric vehicles and developing next-generation financial services and Fintech products. Its electric vehicle division, Mobile Energy Global provides group purchasing discounts on commercial electric vehicles, EV batteries and electricity as well as financing and charging solutions.

Ideanomics Capital includes DBOT ATS and Intelligenta which provide financial services solutions powered by AI and blockchain.

Ideanomics shares are trading up 54.22% at $2.38 at time of publication on Monday. The stock has a 52-week high of $3.98 and a 52-week low of 28 cents.

 

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